Columbia Pacific to invest Rs 200 crore, add senior living projects in 4 new cities Moneycontrol.com
The company plans to foray into the rental model for senior living apartments, for the first time in India. Columbia Pacific Communities, a US senior living community operator, plans to invest more than Rs 200 crore to widen its presence in India by entering Pune, Hyderabad, Kottayam and Kochi in FY25, company director Sivakumar V told Moneycontrol. "In Kerala, we are doing four projects, currently in the process of finalising the land parcels and design for two projects. In this case, we are partnering with Asset Homes where the developer will develop the project and be serviced by us," Sivakumar said.
